A frightening survey redux

[JamieDimonsBalls]

Who could have seen this coming?

Biden’s Student Loan Pledge Encouraged 86% of Recent Borrowers to Take on Debt - Intelligent

1 in 5 Recent Borrowers Would Not Have Taken On as Much Debt Without Biden’s Loan Forgiveness Plan

www.intelligent.com

We asked 1,000 student loan borrowers who have taken on debt since Biden won the 2020 election how much his promise to forgive some amount of student loans affected their decision to take on debt or even go to college in the first place.

The results:

• An overwhelming 86% say Biden’s pledge affected their decision to take on student loan debt
• Close to 1 in 3 say they are unlikely to continue school if Biden does not follow through with his pledge
• The majority remain confident that the president will forgive at least some amount of student loan debt
• Nearly 1 in 3 Democratic borrowers unlikely to vote for Biden in the next election without some loan forgiveness

 

[NPT]

Now if he would do the same thing for mortgages I'd go buy a lot bigger house.

 

[Baller23Boogie]

Now if he would do the same thing for mortgages I'd go buy a lot bigger house.

But then when people did that, thry wouldn't be able to pay the taxes when they were due, so it's just a big cycle.

 

[NPT]

But then when people did that, thry wouldn't be able to pay the taxes when they were due, so it's just a big cycle.

Then he can forgive the taxes.

 

[JamieDimonsBalls]

Mind you, this is all while we are staring into a recession with an already bloated expense budget.

 

[Univee2]

Now if he would do the same thing for mortgages I'd go buy a lot bigger house.

Why would you stop at one?

 

[JamieDimonsBalls]

Then he can forgive the taxes.

 

[Univee2]

Who could have seen this coming?

Biden’s Student Loan Pledge Encouraged 86% of Recent Borrowers to Take on Debt - Intelligent

1 in 5 Recent Borrowers Would Not Have Taken On as Much Debt Without Biden’s Loan Forgiveness Plan

www.intelligent.com

We asked 1,000 student loan borrowers who have taken on debt since Biden won the 2020 election how much his promise to forgive some amount of student loans affected their decision to take on debt or even go to college in the first place.

The results:

• An overwhelming 86% say Biden’s pledge affected their decision to take on student loan debt
• Close to 1 in 3 say they are unlikely to continue school if Biden does not follow through with his pledge
• The majority remain confident that the president will forgive at least some amount of student loan debt
• Nearly 1 in 3 Democratic borrowers unlikely to vote for Biden in the next election without some loan forgiveness

How can anyone think that student debt forgiveness is a good idea?

1. What about those who stood up and paid, and are paying, their debt?
2. What about the families that sacrificed in numerous ways to pay for their kids’ education?
3. How would this not cause an even-greater explosion in the cost of college?
4. If this is such a great idea, and would be such a goosing for the economy, why not apply the same deal to auto installment debt and mortgage debt, among other lending deals?

None of this is new, but, JFC, I just want to grab these idiots (Elizabeth Warren, et al) and shake them and say, “Is it difficult to be this stupid all the time?”

 

[Baller23Boogie]

Then he can forgive the taxes.

Well, shit, sign me up!

 

[snarlcakes]

Mind you, this is all while we are staring into a recession with an already bloated expense budget.

Isn’t this how governments work? They create the issue through bad policy and then try to solve the issue through more bad policy. To be fair at this point, it doesn’t matter. We’re already in a debt spiral.

 

[UncleMark]

The Single Most Important Thing to Know About Financial Aid: It’s a Sham

Colleges claim to award scholarships based on merit or need. In reality, they’re just charging the most they think families will pay.

slate.com

 

[JamieDimonsBalls]

Isn’t this how governments work? They create the issue through bad policy and then try to solve the issue through more bad policy. To be fair at this point, it doesn’t matter. We’re already in a debt spiral.

Practically, yes. Theoretically, no. We've never been headed into a recession after this level and recency of fiscal and monetary stimulus.